Maloofs listening to offer that will keep Kings in Sacramento?
The Maloof family is reportedly willing to listen to an offer from investors who plan to keep the Sacramento Kings safe and sound in the city of Sacramento, opposed to those who’d like to see them moved to Seattle and their name recycled into the Supersonics. But this deal is contingent on price, and has a ticking clock.
That price is not exactly known, but it isn’t cheap and the Maloof family is not interested in waiting. They have set in place a deadline that will expire at 5:00 PM, Friday (today). This deal needs to be right the first time in order to keep the Kings in Sac-Town. The Maloofs have already expressed the desire to toss their hats into owning another sports franchise, most likely in the MLB, or the NHL, so that explains the impatience on their end.
At the end of the day, they just want to be rid of the Kings, and the money offered will need to meet their demand. Time is short because the Seattle based investors have already placed their offer of $341 million and have a relocation already in the works. Sacramento mayor, Kevin Johnson, has worked tirelessly with the city to get a deal done that would keep the Kings put, but Chris Hansen and Steve Ballmer have been equally persistent in landing the Kings in Seattle, to ultimately become the Supersonics.